The company's purpose is to operate hotels, youth hostels and catering establishments, provide services in the catering and hotel industry as well as in personnel leasing, and manufacture and trade in food and beverages. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire similar or related companies or merge with them, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. It may acquire, manage, encumber and dispose of real estate, intellectual property rights and licenses of all kinds.